Penske Automotive Group (PAG) Raises Quarterly Dividend 2.8% to $0.37; 3.3% Yield

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Go back to Penske Automotive Group (PAG) Raises Quarterly Dividend 2.8% to $0.37; 3.3% Yield

Penske Automotive Increases Dividend

October 17, 2018 7:40 AM EDT

BLOOMFIELD HILLS, Mich., Oct. 17, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.37 per share for the third quarter of 2018. 

Penske Automotive Group President Robert H. Kurnick, Jr., said, "Our Board of Directors are pleased to offer our shareholders an increase in the quarterly dividend for the 30th consecutive quarter. The increase in the dividend reflects our commitment to increasing returns for shareholders and reinforces the continued confidence we have in... More